GERMANY: Douglas Expects Strong Christmas Business

Douglas Holding AG (Hagen), the specialist retailer, has presented nine month earnings figures showing operating profits of DM 3m. This compares with losses of DM 1m in the corresponding period in 1999.

However, according to an analyst at DG Bank AG of Frankfurt, these earnings figures are not especially significant as the Christmas period will be decisive. Douglas itself is optimistic about Christmas business this year.